I alerted bout potential rebound for the singapore share market last nite provided

1. dow jones can keep its upward momentum and stay up at least 100 points -in the end dow jones index gave 2/3 of the gains to close up about 50

2. singapore stocks need to go above yesterday (thursday) high only will they trigger buy signals for many of the them - so far very few seems to be doing that

since the conditions needed to trigger rebound have not materialized, can relax now

additional point to note : nikkei open gap up but when singapore market opened, nikkei has also given back all the upside and now trading in negative zone. i think traders are now waiting to see how hong kong stock market opens at 10am
cheers

rooney

potential short term trading opportunities on friday 13th

i am getting excited a bit as i scan my metastock and realized a few positive signals on the horizon

1. many stocks have been creating lower highs over the past few days - so when there is breakout of previous day high it signals a short term reversal

2. dow jones overnite is up - at the moment up 110 points (1am friday morning)

3. quite a number of stocks closed near day high today (thursday) indicating a short term reversal in momentum

all i can say is that if Dow jones can end the day up more than 100 points, then there will be lots of short term trading opportunities in singapore on friday the 13th haha

some of the hot stocks -

china hongxing

mercator

sino environment

ausgroup

first resources

sinotel

oceanus

ferrochina

china taisan

sunvic

watch their day highs for thursday, if stock price on friday can go above day high of thursday, then it will signal a short term BUY signal on friday

****** I would CUT LOSS if prices go below the day high of thursday

Happy hunting

cheers

rooney